Once again, year-end tax planning is complicated by an uncertain economic landscape. Despite a year of strong job growth and consumer spending, persistent inflation, rising interest rates and market volatility have stoked fears of an impending recession. On the political front, the November mid-term elections have left the country with a divided Congress that will […]
Posted on November 17, 2022
by
Daniel Hughes
In this episode Director of Forensic and Advisory Services Dan Hughes explains how forensic accountants are important members of a business’ interruption insurance claims team.
Posted on November 14, 2022
by
Jim Spencer
The U.S. government first enacted the Foreign Account Tax Compliance Act (FATCA) over a decade ago to combat the global issue of tax evasion and make it more difficult for individuals and businesses to hide assets offshore and outside the purview of U.S. tax authorities. While foreign financial institutions bear much of the responsibility for […]
Posted on November 08, 2022
by
Joel Young
A fragile global economy and political uncertainty continue to fuel the United States’ status as the world’s most attractive location for foreign investment. However, investors chasing positive returns, high yields and portfolio diversification often face a tricky U.S. tax system that may provide tax-savings opportunities in some instances and costly income-tax traps in others. Contrary […]
Companies considering a purchase of certain tangible business assets may want to accelerate those acquisitions in 2022 before they lose the full benefit of 100 percent bonus depreciation, which will begin phasing out at the end of the year. Under the Tax Cuts and Jobs Act passed into law in 2018, businesses gained the ability […]
Posted on November 03, 2022
In this episode Associate Director of Tax Services Tony Huber explains some of the nuances of international mergers and acquisitions.
Posted on November 02, 2022
by
Art Lieberman
Taxpayers are often unaware of how the tax code treats property damage and losses they sustain from natural disasters, such as the recent hurricanes across Florida, the Carolinas and Puerto Rico. Many taxpayers are also surprised to learn that when insurance proceeds or other recoveries exceed the tax basis of damaged property, they may incur a taxable […]
